V.A.L. Floors, Inc. Profit Sharing And 401(K) Plan — Form 5500 plan (V.A.L. Floors, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, V.A.L. Floors, Inc. Profit Sharing And 401(K) Plan is a benefit plan reported by V.A.L. Floors, Inc. under EIN 22-1779848 and plan number 002. The latest loaded filing year is 2023. The filing reports 5 participants and $1,569,964 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$1.6MPlan net assets, end of year$1,569,964
Participants5Covered participants reported
Assets / participant$314KComputed: assets ÷ participants$313,993 (computed)
Provider compensationNone reported
Plan sponsor
V.A.L. Floors, Inc.
EIN
22-1779848
Plan number
002
Plan type
2
Location
Hasbrouck Heights, NJ
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20235I20240520091840NAL0001166369001
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$1.6M total assets
Net assets$1.6MLiabilities$0
Money in vs. money out
Total income / additions$296.2K
Total expenses$33.1K
Benefits paid / distributions$21.4K
Contributions
Employer$5.1K
Participant$34.9K
Full reported line items

Net assets

Total assets (EOY)
$1,569,964
Total liabilities (EOY)
$0
Net assets (EOY)
$1,569,964
Net assets (BOY)
$1,306,880

Income & contributions

Employer contributions
$5,113
Participant contributions
$34,880
Total income / additions
$296,180

Expenses & distributions

Benefits paid
$21,433
Administrative expenses
$11,663
Total expenses
$33,096
Net increase / (decrease)
$263,084
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 13%Participant 87%
Total expenses ÷ net assets2%Computed ratio
Benefits paid ÷ total income7%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages